Sterlite Electric expects a turnover of about Rs 6,500 crore in FY26 and plans to double in the next three to four years by expanding into high-end cable manufacturing, Agarwal has said
While transmission charges for renewable energy projects have been waived, infrastructure development costs persist, hindering the widespread adoption of renewable energy. Pratik Agarwal shares his expectations from Budget 2024.
"Transmission is one of the biggest challenges in India’s 500 GW renewable energy target. India’s power crisis is a crisis of last mile," says Sterlite Power MD Pratik Agarwal in an exclusive interview to Moneycontrol. He also speaks about why he thinks India's power crisis is a crisis of last mile and that deregulation of the coal business will show positive results. Watch!
Pratik Agarwal, Managing Director of Sterlite Power, said that given the volatility in the current markets and the limited window available under the currently filed DRHP, it has been decided to withdraw the DRHP.
Serentica Renewables is 100% owned by Twinstar Overseas Ltd, run by Volcan Investments Ltd, Bahamas, the holding company of the family trust of billionaire Anil Agarwal.
Located in states of Bahia and Sergipe in Brazil, one of the projects will focus on developing a 113-km long transmission line and 300 MVA transmission capacity for Sergipe.
The new facility has been availed at significantly favourable terms demonstrating the considerably improved risk profile of the project post achievement of CoD (Date of Commercial Operation).
We are delighted to welcome Rui to Sterlite Brazil. He has a rich experience in running large organisations in the energy industry.
The CEO & MD of India's first infrastructure investment trust believes the present investment limit of a minimum of Rs 5 lakh has to be brought down to attract retail investors
The first Infrastructure Investment Trusts (InvIT) listing is expected soon, which could be from the house of Sterlite Power - India Grid. CNBC-TV18's Nisha Poddar caught up with Pratik Agarwal, CEO and Harsh Shah, CFO of India Grid to understand InvIT as a product and what it is that the company is offering in this Rs 2,600 crores fund raise.
Sterlite Grid will invest close to Rs 3,000 crore towards this critical asset comprising of 900 circuit kilometres (Ckm) of transmission lines and 400 kilovolt (kV) gas insulated substation (GIS) at Amargarh.